18
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$4,000,000
Est. payment /mo
16,679 SqFt
Price Dropped by $4.5M
301 NW 32nd Ct #1-46 Pompano Beach, FL 33064
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Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 16,679 sqft
Price per Sqft $239
MLS Listing ID A12074813
HOA Y/N No
Year Built 1975
Lot Size 2.370 Acres
Acres 2.37
Property Sub-Type Multi Family
Property Description
Olive Glenn Apartments, located at 301 NW 32 Ct, Pompano Beach, FL 33064, presents an opportunity to acquire a 22-unit multifamily property consisting entirely of two-bedroom/two-bathroom units. The property features approximately 16,679 SF of building area on a 43,552 SF lot, with each unit offering a very large, oversized layout that provides a spacious living environment highly desirable to tenants. The property currently generates approximately $396,318 in Gross Operating Income, offering investors a strong in-place income stream with potential for further upside. The property can also be purchased together with an adjacent 24-unit multifamily property, creating an opportunity to acquire a combined 46-unit portfolio with multiple properties located next to each other. Strategically located just minutes from I-95 and Atlantic Boulevard, Olive Glenn Apartments provides convenient access to Downtown Pompano Beach, major retail corridors, employment centers, and the Pompano Beach waterfront, supporting continued rental demand and long-term growth in the surrounding market.
Location
State FL
County Broward
Area 3425
Zoning RM-20
Interior
Heating Central
Cooling Central Air
Exterior
Private Pool Yes
Building
Sewer Public Sewer
Water Public
Others
Tax ID 484223200010
Acceptable Financing Cash, Conventional, Other
Listing Terms Cash, Conventional, Other
Virtual Tour https://www.propertypanorama.com/instaview/mia/A12074813
Listed by Fausto Commercial Realty Consultants Inc